Small finance banks are required to extend what percentage of their Adjusted Net Bank Credit to priority sector? MCQ with Answer and Explanation

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Small finance banks are required to extend what percentage of their Adjusted Net Bank Credit to priority sector?

A. 75%

B. 40%

C. 50%

D. 60%

Answer: Option A

Solution (By JKSSB Mock Tests)

Small finance banks are required to lend 75% of their ANBC to the priority sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Consumer Price Index for Industrial Workers' is compiled by the Labour Bureau and is used for:

A. GDP deflator

B. dearness allowance and wage revisions

C. stock market index

D. calculating inflation for urban consumers

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Correct Answer: Option B

Explanation:
CPI-IW is used for dearness allowance and wage revisions.

This question belongs to: Economy GK Economy Set 1

Question #2

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Dumping refers to:

A. imposing high tariffs on imports

B. selling goods in a foreign market below cost or home market price

C. exporting goods with subsidies

D. buying goods from abroad at lower prices

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Correct Answer: Option B

Explanation:
Dumping is selling goods in a foreign market below cost or home market price.

This question belongs to: Economy GK Economy Set 1

Question #3

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Foreign Trade Policy in India is announced by the:

A. Ministry of Finance

B. RBI

C. Ministry of External Affairs

D. Ministry of Commerce and Industry

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Correct Answer: Option D

Explanation:
Foreign Trade Policy is formulated by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

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